New York
Newmark Facilitates 50K-SF Lease at 1700 Broadway
Newmark has brokered lease transactions totaling 50,373 square feet at 1700 Broadway in Midtown. Owned by Boston-based real estate private… Read more
Nordstrom to Open More than 20 New Rack Stores in 2024
Nordstrom plans to open 22 new Rack stores this year, focusing on solely growing its discount Rack department stores as… Read more
Skyline Tower Developer Buys LIC Site for $57M
United Construction & Development Group has acquired a development site in Long Island City, located at 42-50 24th Street, from… Read more
Homeless-Shelter Developers Buy BK Industrial Building for $16M
Royal Industries International Inc. has sold its Greenwood Heights building in Brooklyn to 25th Street Owner LLC for $16.4 million, New… Read more
Beny Sofer Inks Lease at 535 Fifth Ave
Fine-jewelry supplier Beny Sofer has inked a 10-year lease for a 7,300-square-foot space at 535 Fifth Ave. in Midtown East.… Read more
M&T Provides $18M for Buffalo MF Property
M&T Realty Capital Corporation has closed an $18 million Freddie Mac conventional loan for Air Buffalo, a 154-unit multifamily property… Read more
NY Fed Survey Shows Increase in Long-Term Inflation Expectations
Consumers have little confidence that the Federal Reserve will meet its 2% target for inflation anytime soon, according to the… Read more
Mediterranean Eatery Blue Mezze to Open Second Location
Blue Mezze, a Mediterranean restaurant and bar, is expanding its presence in Manhattan with a second location. The eatery has… Read more
KeyBank Secures $25M for Two MF Properties in Albany
KeyBank Real Estate Capital (KBREC) has secured $25.3 million in financing for Redburn Development Partners, facilitating the refinancing of two… Read more
NYC Launches Workforce Housing Fund
Mayor Eric Adams, along with the Building and Construction Trades Council of Greater New York and Vicinity (BCTC) President Gary… Read more
Tikehau Capital Inks 23K SF in Midtown with Soloviev Group
Tikehau Capital has leased 23,033 square feet on 9 West 57th Street’s 45th floor in Midtown with Soloviev Group. Other… Read more
Eye on CRE Capital Markets: The Rearview Mirror and a Look Forward
A short time ago, obtaining capital to build, buy or refinance was easy. Money was ridiculously cheap thanks to low… Read more
NYCB Raises More Than $1 Billion in Equity from Investors
New York Community Bank has undergone its second CEO change in one week and received a $1 billion capital boost… Read more
Meridian Arranges $68M Financing for Brooklyn MF Property
A multifamily property construction project in Brooklyn’s Gowanushas has secured $68 million in financing. The debt fund provided the financing,… Read more
SightMD Inks 9K-SF Medical Leases in Yonkers
Simone Development Companies has secured its first medical lease following the recent acquisition of One Executive Boulevard in Yonkers. SightMD,… Read more
NYCFC Unveils ‘The Cube’, 25K-Seat Willets Point Stadium
New York City FC has revealed additional details about its forthcoming 25,000-seat stadium in Willets Point, New York Business Journal reported. The… Read more
Bronx MF Building Sold for $5M
A fully rent-stabilized building in the Bronx is sold for $5.1 million at a capitalization rate of 6.8% and a… Read more
Explaining the “Condominium Comeback”
There’s no doubt that the COVID-19 pandemic was a catastrophe, generating a high incidence of heartbreaking illnesses and death. The… Read more
Moinian Group Inks 7K SF in Midtown
The Moinian Group finalized a 10-year lease with Beny Sofer Inc. for a 7,300-square-foot space at 535 Fifth Avenue in… Read more